StockWatch
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Civil Construction
Shareholding19 Jun 2026, 01:04 pm

Twamev Promoter Sells 30 Lakh Shares for MPS Compliance

AI Summary

Mr. Ravi Todi, a promoter of Twamev Construction and Infrastructure Limited, intends to sell 30,00,000 equity shares, representing 1.94% of the total equity, through the open market. This sale, scheduled between June 22, 2026, and June 30, 2026, is aimed at achieving the Minimum Public Shareholding (MPS) requirements mandated by SEBI regulations. The promoter has provided an undertaking not to purchase shares during the sale period to ensure compliance and transparency. This transaction is part of a larger plan to meet MPS obligations, with other methods to be utilized subsequently.

Key Highlights

  • Promoter Mr. Ravi Todi to sell 30 lakh shares (1.94% stake).
  • Sale aims to meet Minimum Public Shareholding (MPS) norms.
  • Transaction to occur via open market route between June 22-30, 2026.
  • Promoter assures no share purchases during the sale period.
  • This sale is part of a broader MPS compliance strategy.